DR.DECLERCQ F.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DR.DECLERCQ F.
Largest movements
- Cash +€399,833
up €399,833 (+3176.9%), from €12,586 to €412,419
mainly Current investments (+€345,000) and Net result for the year (+€89,361)
- Current investments -€345,000
no longer reported in 2025 (was €345,000)
- Deferred charges and accrued income +€8,748
up €8,748 (+25.4%), from €34,423 to €43,170
- Tangible fixed assets +€7,912
up €7,912 (+104.7%), from €7,556 to €15,469
of which Other tangible fixed assets: +€7,861
- Receivables within one year +€7,824
up €7,824 (+8.0%), from €97,524 to €105,349
- Reserves +€89,361
up €89,361 (+18.9%), from €473,864 to €563,225
- Tax, wage and social debts -€10,114
no longer reported in 2025 (was €10,114)
- Gross operating margin +€1,618
up €1,618 (+1.4%), from €117,197 to €118,815
- Depreciation +€1,439
up €1,439 (+258.9%), from €556 to €1,995
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,089 | €576,406 | +€79,317 | +16.0% |
| Fixed assets | 21/28 | €7,556 | €15,469 | +€7,912 | +104.7% |
| Tangible fixed assets | 22/27 | €7,556 | €15,469 | +€7,912 | +104.7% |
| Plant, machinery and equipment | 23 | €1,143 | €587 | -€556 | -48.6% |
| Furniture and vehicles | 24 | - | €608 | +€608 | |
| Other tangible fixed assets | 26 | €6,413 | €14,274 | +€7,861 | +122.6% |
| Current assets | 29/58 | €489,533 | €560,938 | +€71,405 | +14.6% |
| Amounts receivable within one year | 40/41 | €97,524 | €105,349 | +€7,824 | +8.0% |
| Other amounts receivable | 41 | €97,524 | €105,349 | +€7,824 | +8.0% |
| Current investments | 50/53 | €345,000 | - | -€345,000 | |
| Cash at bank and in hand | 54/58 | €12,586 | €412,419 | +€399,833 | +3176.9% |
| Deferred charges and accrued income | 490/1 | €34,423 | €43,170 | +€8,748 | +25.4% |
| Total equity and liabilities | 10/49 | €497,089 | €576,406 | +€79,317 | +16.0% |
| Equity | 10/15 | €486,264 | €575,625 | +€89,361 | +18.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €473,864 | €563,225 | +€89,361 | +18.9% |
| Distributable reserves | 133 | €473,864 | €563,225 | +€89,361 | +18.9% |
| Amounts payable | 17/49 | €10,825 | €781 | -€10,044 | -92.8% |
| Amounts payable within one year | 42/48 | €10,535 | €491 | -€10,044 | -95.3% |
| Trade debts | 44 | €421 | €491 | +€71 | +16.8% |
| Suppliers | 440/4 | €421 | €491 | +€71 | +16.8% |
| Taxes, remuneration and social security | 45 | €10,114 | - | -€10,114 | |
| Taxes | 450/3 | €10,114 | - | -€10,114 | |
| Accrued charges and deferred income | 492/3 | €290 | €290 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €1,995 | +€1,439 | +258.9% |
| Other operating charges | 640/8 | €738 | €955 | +€217 | +29.4% |
| Gross operating margin | 9900 | €117,197 | €118,815 | +€1,618 | +1.4% |
| Operating profit (loss) | 9901 | €115,903 | €115,865 | -€38 | 0.0% |
| Financial income | 75/76B | €16,421 | €16,638 | +€217 | +1.3% |
| Recurring financial income | 75 | €16,421 | €16,638 | +€217 | +1.3% |
| Financial charges | 65/66B | €232 | €249 | +€17 | +7.5% |
| Recurring financial charges | 65 | €232 | €249 | +€17 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €132,092 | €132,253 | +€161 | +0.1% |
| Income taxes | 67/77 | €42,735 | €42,892 | +€158 | +0.4% |
| Profit (loss) for the period | 9904 | €89,357 | €89,361 | +€4 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,357 | €89,361 | +€4 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.